Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm James Christopher and for Friday April 20th we're bringing you the latest news from around the markets as well as the top movers to look out for today...
(HEADLINE NEWS)
In Headline News Today...
With conviction on the part of buyers lagging all day and the Dow closing in record territory a day earlier, it wasn't surprising to see the blue-chip index take a bit of a breather Thursday.
Be that as it may, the blue-chip index still eked out enough of a gain to extend its winning streak to six and close at another new all-time high. The major averages finished mixed for a third straight session as the tech-heavy Nasdaq languished again as investors remained cautious ahead of more key earnings reports.
It is worth noting, though, that things could have been a lot worse, given the decidedly bearish tone coming into today's trading. Before the bell, the market had all of the makings for round two, albeit a much less dramatic sequel, of the Shanghai sell-off that triggered widespread panic on February 27
The news roiled overseas markets as Japan's Nikkei 225 fell 1.7%, Hong Kong's Hang Seng Index plunged 2.3% and the once unknown Shanghai stock exchange tumbled 4.5%.
From a leadership standpoint, six of 10 sectors posted losses. Energy (-1.0%) paced the way lower as a 2.1% drop in oil prices diminished the desire to own the likes of explorers and refiners.
Evidently lower oil prices did little to excite consumers as the Discretionary turned in the day's second worst performance. Everything from retailers to autos to cable companies were weak, but hotels were the sector's biggest disappointment
On the positive side of things, Health Care was the day's standout, with the bulk of sector support coming from Biotech, today's best performing S&P industry group
SMALL CAP
And now for our Small Cap News... brought to you by Nascent Food Service (NCTW.OB)
Nascent Wine Company, Inc. is one of Baja Mexico's largest food distributors, marketing and distributing over 1,400 national and proprietary brand food and non-food products to over 1,000 customers.
Aladdin Beverage announced this month they have been named the exclusive US importer for Antares Beer. Antares Beer brewed exclusively at the New Patagonia Brewery in the southernmost region of Latin America, was recently named as Argentina's fastest-growing premium beer
Aladdin Beverage the exclusive importer of Devassa Beer in February announced they have unveiled its new commercial via YouTube which has created market place buzz in a time when companies are forking over Millions of dollars for a 30 second Super Bowl Commercial
Previously at $0.20 cents a share Aladdin Beverage (ADTJ.PK) opens today up 40% at $0.28 a share
QPC Lasers, Inc. announced yesterday that it has successfully closed a private financing through the sale of $8.2 million. QPC Lasers, Inc. also announced last month that the company secured a large purchase order to deliver BrightLase(TM) medical laser modules to a medical equipment manufacturer in Europe.
The order brings the companies total backlog of purchase orders and contracts to more than $2 million for one quarter. The BrightLase(TM) can be used in a number of procedures including dermatology, such as wrinkle reduction, hair removal and acne treatment, to therapy for soft tissue and joint injuries
QPC Lasers (QPCI.OB) opens today at $1.30 a share
And that's our newsmakers, Stay tuned right here to Quality Stocks Daily for the latest news from small cap to large cap, and everything in by QualityStocks.Net, where performance is tracked daily.
Thank you for tuning in, I'm Cathy Rankin, Have a great day and we'll see you next week, right here on the daily report.
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3:01Riding Tacx Antares rollers for the first timeby cebax2,799 views
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